New Gold Inc.

Good morning. My name is Michelle and I will be your conference operator today. Welcome to New Gold's first quarter 2022 earnings conference call. All lines have been placed on mute to prevent any background noise. And please be advised that today's conference call and webcast is being recorded. After the speaker's remarks, there will be a question and answer session. And if you would like to ask a question during this time, simply press star then number one on your telephone keypad. If you would like to withdraw your question, please press the star, then the number two. I would now like to hand the conference over to Ankit Shah, VP of Strategy and Business Development. Please go ahead, sir.

Thank you, Michelle, and good morning, everyone. We appreciate you joining us today for New Gold's first quarter 2022 earnings conference call and webcast. On the line today, we have Renaud Adams, President and CEO, and Rob Chauzet, our CFO. Should you wish to follow along with the webcast, please sign in from our homepage at newgold.com. Before the team begins the presentation, I'd like to direct your attention to our cautionary language related to forward-looking statements found on slides two and three of the presentation. Today's commentary includes forward-looking statements relating to Newgold. In this respect, we refer you to our detailed cautionary note regarding forward-looking statements in the presentation. You are cautioned that the actual results in future events could differ materially from those expressed or implied in forward-looking statements. Slides 2 and 3 provide additional information and should be reviewed. We also refer you to the section entitled Risk Factors in NUGLE's latest MD&A and other filings available on CDAR, which set out certain material factors that could cause actual results to differ. In addition, at the conclusion of the presentation, there are a number of endnotes that provide important information and should be reviewed in conjunction with the material presented. I'll now turn the call over to Renaud.

Thanks, Hank, and good morning, everyone. So before I pass it to Rob to discuss our quarterly financial results, I just wanted to take a moment to discuss some of the changes we've made at our company and the challenges we've experienced, like many of our peers, during the quarter. Over the past two years, our teams have adapted quickly to make changes in light of COVID. I'm very proud of our group and the health and safety focus at our operations. Like many of our peers, we've also experienced a higher level of COVID cases earlier in the year, which impacted productivity levels to start 2022. But despite this, our teams were resilient and we delivered a good quarter. Inflation has challenged many of us in the industry, and we're no exception. We felt the same pressure as our peers, mainly on diesel consumables, but also electricity and Rainier River. But I've been able to partially offset these higher prices with the benefit of having two Canadian assets in the period of weakening of Canadian dollar. We continue to evaluate potential optimization and assess cost reduction initiatives in an effort to mitigate these pressures. We remain committed to delivering on our guidance. During the quarter, we also continue to advance on our longer-term priorities. At Rainy River, intrepid development advanced, and we look forward to initiating mining later this year. I'm also very pleased with the updated Rainy River technical report we completed in March, which has extended our mine life to 2031. I will discuss this later in the presentation, but this is a significant accomplishment for the team and a positive milestone for our business. At New Afton, the B3 ramp-up continues. We've made good progress on the C-Zone development, and we completed a commission of our Technic and Amanda tailings facilities. I'm very pleased to welcome Patrick Pat, as we knew him as the new CEO of Newgold. Pat brings extensive technical knowledge operational and capital execution experience in the mining sector and i'm sure his addition to our team will be invaluable and as we continue to advance key project of our company and unlock potential organic opportunity i'm really looking forward to hearing from pat and our q2 review and more to come as we move forward i'm looking forward to building on our first quarter and continuing to deliver value for all our stakeholders. And with that, I will now pass it to Rob Chausset, CFO. Rob?